Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala - 2023

Contents:

1. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala (CIF) - 2023
2. Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala (FOB) - 2023
3. Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala
4. Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala (CIF) - 2023

In October 2023, the average import price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $14,954 per ton, surging by 40% against the previous month. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 76% against the previous month. Over the period under review, average import prices attained the peak figure at $18,626 per ton in March 2023; however, from April 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($61,940 per ton), while the price for Hong Kong SAR ($5,738 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala (FOB) - 2023

In October 2023, the average export price for enzymes; prepared enzymes not elsewhere specified or includeds amounted to $18,419 per ton, jumping by 51% against the previous month. In general, the export price recorded notable growth. The most prominent rate of growth was recorded in January 2023 an increase of 97% month-to-month. Over the period under review, the average export prices reached the peak figure at $20,336 per ton in March 2023; however, from April 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Panama ($47,567 per ton), while the average price for exports to Nicaragua ($6,060 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas purchases of enzymes; prepared enzymes not elsewhere specified or includeds, which increased by 15% to 1.7K tons in 2022. The total import volume increased at an average annual rate of +13.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of enzymes; prepared enzymes not elsewhere specified or includeds skyrocketed to $21M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included to Guatemala in 2022:

1. Denmark (455.1 tons)
2. United States (453.0 tons)
3. Germany (149.8 tons)
4. France (99.7 tons)
5. South Korea (97.8 tons)
6. Bulgaria (84.9 tons)
7. Argentina (82.7 tons)
8. Mexico (73.5 tons)
9. China (53.3 tons)
10. Netherlands (0.5 tons)

Exports of Enzymes; Prepared Enzymes Not Elsewhere Specified or Included in Guatemala

In 2022, the amount of enzymes; prepared enzymes not elsewhere specified or includeds exported from Guatemala soared to 509 tons, growing by 26% against 2021 figures. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of enzymes; prepared enzymes not elsewhere specified or includeds soared to $5.6M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Enzymes; Prepared Enzymes Not Elsewhere Specified or Included from Guatemala in 2022:

1. El Salvador (212.9 tons)
2. Honduras (138.7 tons)
3. Costa Rica (53.4 tons)
4. Mexico (37.8 tons)
5. Panama (21.2 tons)
6. Nicaragua (16.4 tons)
7. Dominican Republic (15.3 tons)

Source: IndexBox Market Intelligence Platform